2016-02-12T13:45:06-06:00 2015-06-30 203985821 HOWE RILEY & HOWE PLLC 660 CHESTNUT STREET MANCHESTER NH 031043500 990 2014-07-01 020222154 NEW HAMPSHIRE INSTITUTE OF ART NEWH 6036220313 148 CONCORD STREET MANCHESTER NH 03104 LEANNA FLEMING VP-FINANCE 6036220313 2016-02-12 1 LANCE R TURGEON P00627708 6036273838 2014 2016-08-17 19:52:53Z LEANNA FLEMING 148 CONCORD STREET MANCHESTER NH 03104 18102867 0 X WWW.NHIA.EDU X 1898 NH TO EDUCATE, ENGAGE AND EMPOWER THROUGH THE ARTS. 20 17 385 20 0 0 883474 779143 12863710 13043434 796828 417218 -35552 -66625 14508460 14173170 2541426 2886371 0 0 6041540 6567522 0 0 427392 6981777 7350100 15564743 16803993 -1056283 -2630823 51878692 48992015 18819587 19119974 33059105 29872041 X TO EDUCATE, ENGAGE, AND EMPOWER THROUGH THE ARTS. 0 0 14401537 2886371 12955342 SINCE 1898 THE NEW HAMPSHIRE INSTITUTE OF ART (NHIA) HAS REMAINED COMMITTED TO ITS MISSION OF EDUCATING, ENGAGING, AND EMPOWERING THROUGH THE ARTS. TODAY OUR VISION IS TO BE SEEN AS A LEADER IN ARTS EDUCATION, RECOGNIZED FOR OUR ABILITY TO USE THE ARTS TO FOSTER POSITIVE CHANGE IN THE WORLD AND ENABLE INDIVIDUALS TO REACH THEIR FULL CREATIVE POTENTIAL.NHIA'S ACADEMIC PROGRAMS AND RESIDENCE HALLS ARE HOUSED IN 11 BUILDINGS SPREAD THROUGHOUT DOWNTOWN MANCHESTER WITH ADDITIONAL STUDIO AND EXHIBITION FACILITIES IN SHARON AND PETERBOROUGH, NH. (CONTINUED ON SCHEDULE O.) NHIA OFFERS BACHELOR OF FINE ARTS DEGREE PROGRAMS IN CERAMICS, CREATIVE WRITING, DESIGN, FINE ARTS, ILLUSTRATION AND PHOTOGRAPHY AS WELL AS MASTER OF FINE ARTS, MASTER OF ARTS IN ART EDUCATION, AND MASTER OF ARTS IN TEACHING DEGREES. THE NEW HAMPSHIRE INSTITUTE OF ART (NHIA) OFFERS UNDERGRADUATE BACHELOR OF FINE ARTS PROGRAMS IN ART EDUCATION, CERAMICS, CREATIVE WRITING, DESIGN, FINE ARTS, ILLUSTRATION, AND PHOTOGRAPHY WITH A 10:1 STUDENT/FACULTY RATIO AS WELL AS LOW-RESIDENCY GRADUATE DEGREE PROGRAMS IN ART EDUCATION, CREATIVE WRITING, PHOTOGRAPHY, VISUAL ARTS, AND WRITING FOR STAGE & SCREEN. NHIA'S COMMUNITY EDUCATION DIVISION OFFERS NON-CREDIT FINE ARTS CLASSES, WORKSHOPS, AND VISITING ARTISTS INTENSIVES TAUGHT BY A FACULTY OF ACCOMPLISHED AND PASSIONATE ARTISTS/EDUCATORS. OTHER OFFERINGS AT EITHER OUR MANCHESTER OR SHARON, NH CAMPUSES INCLUDE THE ART EDUCATORS SUMMER RETREAT, PRE-COLLEGE SUMMER PROGRAM, AND CERTIFICATE PROGRAMS. 14401537 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 131 0 1 385 1 0 0 0 0 0 1 1 0 0 X 20 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NH X X LEANNA FLEMING 6038362512 148 CONCORD STREET MANCHESTER NH 03104 JOE REILLY CHAIRMAN 0.50 X X 0 0 0 ARTHUR SULLIVAN TREASURER 0.50 X X 0 0 0 ELLIE COCHRAN SECRETARY 0.50 X X 0 0 0 SKIP ASHOOH VICE CHAIRMAN 0.50 X X 0 0 0 BARBARA BICKFORD TRUSTEE 0.50 X 0 0 0 BENJAMIN GAYMAN TRUSTEE 0.50 X 0 0 0 HOWARD BRODSKY TRUSTEE 0.50 X 0 0 0 TOM DOUGHERTY TRUSTEE 0.50 X 0 0 0 JOHN MERCIER TRUSTEE 0.50 X 0 0 0 GEORGE FOOTE JR TRUSTEE 0.50 X 0 0 0 PHYLLIS STIBLER TRUSTEE 0.50 X 0 0 0 DAVID MURRAY TRUSTEE 0.50 X 0 0 0 WILLIAM STEVENS TRUSTEE 0.50 X 0 0 0 MAURICE BELIVEAU TRUSTEE 0.50 X 0 0 0 THERESA DOLOFF TRUSTEE 0.50 X 0 0 0 ELLEN DAVIS TRUSTEE 0.50 X 0 0 0 STEVE GEHLBACH TRUSTEE 0.50 X 0 0 0 CHRIS WARD TRUSTEE 0.50 X 0 0 0 TERRY HEINZMANN TRUSTEE 0.50 X 0 0 0 TOM STRICKLAND TRUSTEE 0.50 X 0 0 0 KENT DEVEREAUX PRESIDENT 37.50 X 0 0 0 LEANNA FLEMING VP-FINANCE & ADMIN. 37.50 X 80355 0 15182 RICHARD STRAWBRIDGE EXECUTIVE VP, INTERIM PRESIDENT 37.50 X 183669 0 7156 ROGER WILLIAMS PRESIDENT (FORMER) 0.00 X 195363 0 18754 459387 0 41092 2 1 1 0 BRADY SULLIVAN 670 N COMMERCIAL STREET 303 MANCHESTER NH 03101 RENTAL & FACILITY BUILD-OUT SERVICES 882446 CHARTWELLSCOMPASS GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 803141 GRANITE YMCA 117 MARKET STREET MANCHESTER NH 03101 RENTAL 172508 WHITEWATER CLEANING PO BOX 6105 PENACOOK NH 03303 CLEANING SERVICES 112601 SECURITAS SECURITY SYSTEMS 1100 ELM STREET SUITE 101 MANCHESTER NH 03101 SECURITY SERVICES 102660 6 779143 30990 779143 TUITION AND FEES 611710 10888268 10888268 AUXILIARY ENTERPRISES 900099 2061828 2061828 OTHER INCOME 900099 93338 93338 13043434 393178 393178 3418856 218000 3211722 401094 207134 -183094 24040 24040 32750 11283 21467 21467 217506 305598 -88092 -88092 14173170 12955342 0 438685 2886371 2886371 637105 637105 4770176 4358548 255640 155988 749357 641914 84514 22929 410884 333752 65225 11907 73073 73073 35000 35000 79902 79902 469895 219249 158918 91728 145462 103092 2435 39935 574795 316847 202729 55219 2437595 2375317 46954 15324 164908 147973 15787 1148 30378 21985 7269 1124 454895 436078 18706 111 1398317 1360437 21854 16026 54928 54928 WAIVERS 334701 334701 EQUIPMENT RENTAL 167985 71974 95881 130 HOSPITALITY 163643 141778 8458 13407 MINOR EQUIPMENT 45895 6248 39647 718728 645273 71039 2416 16803993 14401537 1975064 427392 1557 1233 742123 414832 111558 438062 354323 345342 136933 54399 271015 167734 32163261 11050793 22593084 21112468 9316598 9438420 15601365 14220632 2750136 2798893 51878692 48992015 690303 834465 303132 429563 14280000 13945000 100522 78762 2089398 2589734 1356232 1242450 18819587 19119974 X 5620661 3724021 2390758 1061996 25047686 25086024 33059105 29872041 51878692 48992015 X -2630823 -479705 -76536 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2052255 X X X X 1 0 25231405 40584 1690955 23581034 23781763 684795 3046956 2282109 25231405 23373438 18907 1538094 1148676 23781763 24474564 7402 44297 1152825 23373438 22676652 24 2591888 794000 24474564 0.01070 0.96850 0.02080 0 0 271300 271300 23682187 5846656 17835531 2376907 946418 1430489 3633153 2644959 988194 2199714 1612760 586954 21112468 AEW REAL ESTATE INVESTMENT 1828542 F WEATHERLOW OFFSHORE FUND 3042376 F NYES LEDGE CAPITAL OFFSHORE FUND 2013608 F FORESTER DIVERSIFIED 1956236 F GMO INTERNATIONAL EQUITY ALLOCATION III 2600476 F FIDELITY SPARTAN TOTAL MARKET INDEX FUND 2779394 F 14220632 COLLECTIONS 2052255 CONSTRUCTION IN PROGRESS 271379 ASSETS HELD IN CHARITABLE REMAINDER TRUST 134482 DEBT ISSUANCE COSTS 340777 2798893 DEPOSITS 134813 CAPITAL LEASE PAYABLE 115084 MARKET VALUE OF INTEREST RATE SWAP 992553 1242450 X 11145073 -479705 -294536 -774241 11919314 79257 2174599 2253856 14173170 14332137 499975 499975 13832162 79257 2892574 2971831 16803993 PART III, LINE 1A: CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND OTHER SIMILAR ASSETS CONSIDERED TO BE COLLECTION ITEMS ARE CAPITALIZED AND RECOGNIZED AS REVENUES OR GAINS IN THE PERIOD RECEIVED. THE INSTITUTE'S COLLECTIONS CONSIST OF RARE WORKS OF ART AND OUT OF PRINT BOOKS, REFERENCE MATERIALS, AND PHOTOGRAPHS; THUS, NO PROVISION FOR DEPRECIATION IS MADE THEREON. THE COLLECTIONS ARE MAINTAINED FOR EDUCATIONAL PURPOSES AND ARE TO BE MAINTAINED IN PERPETUITY. AS SUCH, THEY ARE RECORDED IN PERMANENTLY RESTRICTED NET ASSETS. SUBSEQUENT ADDITIONS ACQUIRED BY PURCHASE WILL BE STATED AT COST; ADDITIONS ACQUIRED BY GIFT WILL BE STATED AT THE ESTIMATED FAIR VALUE AT THE DATE OF DONATION. THE TOTAL CARRYING VALUE OF THE COLLECTIONS WAS $2,052,255. PART V, LINE 4: THE INSTITUTE'S ENDOWMENTS CONSIST OF FUNDS ESTABLISHED FOR THE BENEFIT OF THE INSTITUTE, WITH VARIOUS SPECIFIC PURPOSES. IN ADDITION, THE INSTITUTE HAS BOARD DESIGNATED ENDOWMENT FUNDS WHICH ARE NOT SUBJECT TO UPMIFA. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. PART X, LINE 2: THE INSTITUTE IS A NONPROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. THE INTERNAL REVENUE SERVICE HAS DETERMINED THE INSTITUTE TO BE OTHER THAN A PRIVATE FOUNDATION. THE INSTITUTE HAS ADOPTED THE ACCOUNTING GUIDANCE UNDER THE INCOME TAXES TOPIC OF THE FASB ASC. THE GUIDANCE REQUIRES THE INSTITUTE TO EVALUATE ITS TAX POSITIONS AND RECOGNIZE THE TAX BENEFIT FROM ANY UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERIT OF THE POSITION. IF THE INSTITUTE TAKES A TAX POSITION THAT DOES NOT MEET THE CRITERIA FOR RECOGNITION UNDER THIS STANDARD, THE BENEFIT OF THAT POSITION, INCLUDING POTENTIAL INTEREST AND PENALTIES THEREON, MUST BE REFLECTED AS A LIABILITY IN THE FINANCIAL STATEMENTS UNTIL SUCH TIME AS THE POSITION MEETS THE CRITERIA FOR RECOGNITION. THE RECOGNITION CRITERIA MAY BE MET THROUGH SUBSEQUENT EXAMINATION AND SETTLEMENT BY THE AUTHORITIES, PUBLICATION OF CASE LAW OR REGULATIONS SUPPORTING THE POSITION, OR EXPIRATION OF THE STATUTE OF LIMITATIONS. AS OF JUNE 30, 2015 AND 2014, THE INSTITUTE HAS NOT TAKEN ANY SIGNIFICANT TAX POSITIONS WHICH DO NOT MEET THE CRITERIA FOR RECOGNITION. THE INSTITUTE'S TAX YEARS END ON JUNE 30TH. THE INSTITUTE BELIEVES ITS TAX FILINGS FOR THE TAX YEARS ENDING BEFORE JUNE 30, 2012 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS -218,000. SPLIT INTEREST 1,040. GAIN ON INTEREST RATE SWAP -77,576. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 2,670,074. FUNDRAISING EXPENSE -11,283. COSTS OF SALES OF INVENTORY -305,598. LOSS ON SALE OF LAND, BUILDINGS AND EQUIPMENT -183,094. CONTRIBUTION INCLUDED ON FINANCIAL STATEMENTS AS INSTRUCTIONAL EXPENSE 4,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 11,283. COST OF GOODS SOLD 305,598. LOSS ON SALE OF LAND, BUILDINGS AND EQUIPMENT 183,094. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID 2,670,074. SCHOLARSHIPS 218,000. CONTRIBUTION INCLUDED ON FINANCIAL STATEMENTS AS INSTRUCTIONAL EXPENSE 4,500. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PUBLISHED COMMUNICATIONS TO THE GENERAL PUBLIC WHICH CONTAIN THE INSTITUTE'S POLICIES OF NON-DISCRIMINATION. SCHEDULE E, PART I, LINE 6 VARIOUS FEDERAL AND STATE AGENCIES PROVIDE STUDENT FINANCIAL AID TO THE INSTITUTE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 1956236 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 2013608 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 3042376 0 0 0 0 0 0 7012220 0 7012220 0 0 1 0 0 0 PART IV #3 THE INSTITUTE DOES NOT MEET THE FILING REQUIREMENTS FOR FORM 5471. AUCTION OF STUDENT ART 23766 23766 1926 EXHIBITION & SALE OF STUDENT ART 8984 8984 9357 32750 32750 11283 11283 21467 1 PAUL & ANNE HARVEY SCHOLARSHIP 8 9600 JOHN HUBENTHAL SCHOLARSHIP 1 1200 FIRST IN HIGH SCHOOL SCHOLARSHIP 29 26313 MATCHING FUNDS 37 88402 OTHER INSTITUTIONAL AWARDS 24 22250 FOUNDERS - FRESHMAN SCHOLARSHIP 6 12000 FULLER SCHOLARSHIP 88 100757 PRESIDENTIAL SCHOLARSHIP 61 254619 MERIT SCHOLARSHIPS 289 1254303 MATCHING FUNDS - STATE, FEDERAL 96 6674 FOUNDERS - RETURNING STUDENT SCHOLARSHIP 8 16000 HOUSING SCHOLARSHIPS 90 218000 TRANSFER SCHOLARSHIP 47 44873 DEB GRANT SCHOLARSHIP 1 500 PSNH SCHOLARSHIP 1 500 BLACKFORED SCHOLARSHIP 1 2500 UPPER VALLEY SCHOLARSHIP 1 1000 NEED SCHOLARSHIPS - BFA 199 626103 NEED SCHOLARSHIPS - MFA 45 116021 NEED SCHOLARSHIPS - MAAE 13 14966 ANNUAL FUND 16 34890 COMMUNITY COLLEGE 1 5000 GAKIDIS 1 400 VIJAY DAVE 1 1000 DEPARTMENTAL INSTITUTIONAL AID 2 2000 FOUNDERS SCHOLARSHIP-MFA 4 26500 PART I, LINE 2: ALL ASSISTANCE IS IN THE FORM OF GRANTS AND SCHOLARSHIPS. THESE FUNDS ARE APPLIED DIRECTLY TO THE STUDENT'S ACCOUNT. X X X 1 0 0 0 0 0 0 0 0 RICHARD STRAWBRIDGE EXECUTIVE VP, INTERIM PRESIDENT 183669 0 0 0 0 0 0 0 7156 0 190825 0 0 0 ROGER WILLIAMS PRESIDENT (FORMER) 195363 0 0 0 0 0 0 0 18754 0 214117 0 0 0 PART I, LINE 4A PERSONS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A WHO RECEIVED A SEVERANCE PAYMENT: -ROGER WILLIAMS, FORMER PRESIDENT -PAYMENT OF SEVERANCE WAGES: $195,363 -PAYMENT OF SEVERANCE (NON-TAXABLE) BENEFITS: $18,754 A NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 020279866 644614XOB 2009-04-27 9000000 FINANCE THE ACQUISITION AND CONSTRUCTION OF ACADEMIC BUILDINGS AND BUY EQUIP 0 0 0 B NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 020287966 644614XOB 2005-09-29 7000000 REFINANCE SERIES 2000 BOND AND FINANCE PURCHASE AND RENOVATION OF BUILDINGS 0 0 0 A 810000 9000000 35000 180000 47656 8737344 2009 0 0 1 1 B 1245000 7000000 42513 140000 4483688 2333799 2005 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 B 0 0 0 0 1 1 MORGAN STANLEY 30.000000000000 0 0 0 0 0 A 0 B 0 GEORGE FOOTE JR SECOND MORTGAGE FOR THE PURCHASE OF A GALLERY (SHARON ARTS CENTER) X 125000 78762 0 1 1 78762 ARTHUR SULLIVAN TRUSTEE 882446 ARTHUR SULLIVAN IS A PRINCIPAL AT BRADY SULLIVAN PROPERTIES. THE INSTITUTE LEASES RESIDENTIAL DORM SPACE FROM BRADY SULLIVAN. 0 X 3 30990 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES CITIZENS BANK TO PROCESS SALES OF DONATED STOCK. FORM 990, PART VI, SECTION B, LINE 11 THE INSTITUTE'S FINANCE COMMITTEE REVIEWED THE FORM 990 IN DETAIL. THE ENTIRE BOARD RECEIVED A COMPLETE COPY OF THE 990, INCLUDING ALL SCHEDULES, PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES FOLLOWS THE REQUIREMENTS OF STATE LAW (NH RSA 7:19-A) WITH RESPECT TO DISCLOSURE, EVALUATION, APPROVAL AND REPORTING OF BUSINESS TRANSACTIONS BETWEEN OFFICERS AND DIRECTORS OF THE INSTITUTE. THE BOARD CONDUCTS AN ANNUAL SURVEY OF ITS MEMBERS AND OFFICERS REQUIRING WRITTEN DISCLOSURE OF RELATED PARTY TRANSACTIONS. TRANSACTIONS IN EXCESS OF $500 INVOLVING BOARD MEMBERS AND OFFICERS ARE REPORTED TO THE BOARD, EVALUATED FOR FAIRNESS AND THE BEST INTERESTS OF THE INSTITUTE AND THEN CONSIDERED FOR APPROVAL BY DISINTERESTED MEMBERS OF THE BOARD. A 2/3 MAJORITY VOTE IS REQUIRED FOR APPROVAL. NOTICES OF ANY TRANSACTIONS THAT ARE APPROVED IN EXCESS OF $5,000 ARE PUBLISHED IN A NEWSPAPER OF GENERAL CIRCULATION. A WRITTEN REPORT OF TRANSACTIONS IS SENT TO THE NEW HAMPSHIRE ATTORNEY GENERAL AND RECORDS ARE MAINTAINED AT THE OFFICE OF THE INSTITUTE, AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 1,040. CHANGE IN VALUE OF INTEREST RATE SWAP -77,576.